This other in Cambridge is for sale offering roughly 2,000 sq ft of space. It has been on the market 0 days, fresher than the Cambridge average of 57 days.
Excellent Investment Opportunity in Cambridge! Discover this versatile 2-storey mixed-use property featuring a commercial storefront on the main level and a spacious 3-bedroom, 2-bathroom residential unit. Situated on a corner lot with excellent street exposure, this property offers great visibility for business operations. The main-floor commercial space is ideal for a variety of retail or service-oriented businesses, subject to permitted uses. The residential unit provides comfortable living space, making this an attractive opportunity for investors, entrepreneurs, or owner-operators looking to run a business while enjoying potential rental income. Strategically located near the Grand River, Cambridge Mill, Gaslight District, Dickson Park and vibrant Downtown Galt, surrounded by restaurants, cafes, boutique shops, schools, public transit and everyday amenities. Enjoy excellent connectivity to major roads and the surrounding Waterloo Region. With ongoing downtown revitalization and a desirable location in Cambridge's historic commercial core, this property offers exciting potential to LIVE, WORK OR INVEST! Explore the opportunity to operate your business while living upstairs or generate rental income from separate commercial and residential spaces, subject to applicable approvals. A rare mixed-use investment opportunity in a well-established and evolving downtown location! Don't miss out on this excellent investment opportunity! (id:66096)
Property Details
MLS®
40876443
Property Type
Other
Zoning
C3
Parking
8
Interior Size
2,000 ft²
Frontage
50 ft
Building Area
2,000 ft²
Year Built
1890
Storeys
2
Basement
None
Ownership
Freehold
Property Tax
$8,753.01/yr
Listed
Today
Services
Water
Municipal water
Sewer
Municipal sewage system
Features and services as supplied by the listing brokerage.
Market Timing
Days on market
0d
Cambridge listings, avg age
57d
Price / ft²
$450
List price
$899K
Just listed: 0 days on market, against an average age of 57 days across the listings currently for sale in this city
Market timing · days on market0 → 57d avg age of current listings
Just listed · day 0
Homes here sell faster than most markets
Sold homes in this market spent an average of 32 days on the market over the past year, against a median of 48 days across the markets we publish.
Homes here sell close to asking price
Homes in this market sold for an average of 99.8 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.
Haho
This other in Cambridge has been listed for 0 days, which is 57 days fresher than the city average of 57. Act while there is still low competition.
Listed by HOMELIFE MIRACLE REALTY LTD · Gurpreet Multani
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Area context
Neighbourhood profile (N1S)
This home lists at $899,000, about 9.5× the local median household income of $95,000.
Carrying it typically needs a household income of about $175,606 (20% down, 25-yr amortization, stress-tested) — roughly 85% above the area median.
Median household income
$95,000
Population
20,171
Median age
42.8
Owner / renter
71% / 29%
Avg. household size
2.5
Source: Statistics Canada, 2021 Census (FSA N1S)
$899,000· $450/ft²
For sale
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Financing
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